So get your voting fingers warmed up, and relive the 2016 American Idol victor Trent Harmon's performance of Chandelier in the video below!
ABC now airs "Once Upon a Time" and "American Crime" on Sundays, but as of Tuesday, neither show has been renewed for another season.
Speaking on the achievement, the ABC Entertainment president Channing Dungey said, "American Idol is a pop-culture staple that left the air too soon".
There is no word regarding a host or judges yet, but Ryan Seacrest is the heavy favorite to return as host since he now works for ABC as a co-host on Live with Kelly and Ryan. "I don't know if I can host it...", he claimed on the morning talk show (watch below at 5:00).
Cecile Frot-Coutaz, CEO of the FremantleMedia Group, said: "ABC's passion and enthusiasm make them a ideal home for American Idol".
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"All of the intense speculation surrounding the comeback of American Idol demonstrates just how popular and powerful this brand remains", said Peter Hurwitz, CEO of Core Media Group, in a statement. However, Seacrest could be on-board if the reboot airs on Sunday and Monday evening.
"American Idol" was television's No. 1 series for nine years, peaking with 30 million viewers an episode in 2006. "I went into seclusion when American Idol was canceled".
But many viewers will argue that "Idol" lasted too long on Fox and that a singing contest can't mint a star every year. With Kelly that the negotiations are still being made in terms of what names will lead the pack for American Idol's return.
However, whether or not Seacrest will be at the mic again remains to be seen. He added, however, that it is "unofficial, but very close" to becoming a reality. "I don't know if I can host [American Idol]", he says.
There was a bidding war to bring American Idol back, as NBC was thought to be the frontrunner a couple months ago.